Galane Gold (GG-V) July 4, '16 is pleased to announce that for the three months ended June 30, 2016 production from the Mupane mine was 7,855 ounces, an increase of 2,027 ounces on the previous quarter. The increase is a reflection of the higher grade being fed to the operating plant with the commencement of mining in the main Tau ore body in April 2016.
Galane Gold CEO, Nick Brodie commented: "The second quarter of 2016 outperformed our internal expectations with mining commencing in the main ore body at Tau three months before we originally anticipated. The increase in production is a reflection of the management team's hard work and determination over the last two years to turn Mupane into a high grade underground operation. Production at the Mupane mine for the three months ended June 30, 2016 represents our best quarterly production since the second quarter of 2014 when we completed mining at the Tholo open pit. We expect this momentum at the Mupane mine to continue into future quarters as we expose more of the Tau ore body. The management team is now focused on its second main goal for 2017, the resumption of production at Galaxy."
About Galane Gold
Galane Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa. Galane Gold is a public company and its shares are quoted on the TSX Venture Exchange and the Botswana Stock Exchange under the symbol "GG". Galane Gold's management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.
SOURCE Galane Gold Ltd.
Nick Brodie, CEO,
Galane Gold Ltd.,
+ 44 7905089878,
Nick.Brodie@GalaneGold.com ,
www.GalaneGold.com |
